three traders Rehema , lucie and milly decided to buy  a canter truck . the marked price of the truck was ksh 2800000. they could pay a deposit of the 60% of the money and the rest to be paid within one year .Rehema , lucie and milly raised the deposit in the ratio 3:7:4 respectively .the balance was to be paid from the proceeds of the truck in the same ratio asthe deposits during the year the  truck realized sh 2030000 which was shared  in the same ratio as the deposits .how much deposit did each person  contribute

### Step 1: Calculate the Deposit

The total price of the truck is **Ksh 2,800,000**. The deposit required is **60%** of this price.

\[
\text{Deposit} = 0.6 \times 2,800,000 = 1,680,000
\]

So, the total deposit raised by the three traders is **Ksh 1,680,000**.

### Step 2: Deposit Contribution by Each Trader

The deposit was raised by Rehema, Lucie, and Milly in the ratio \( 3:7:4 \). Let's denote their contributions as \( 3x \), \( 7x \), and \( 4x \), respectively, where \( x \) is the unit value of the ratio.

The total deposit is the sum of their contributions:
\[
3x + 7x + 4x = 1,680,000
\]
\[
14x = 1,680,000
\]
\[
x = \frac{1,680,000}{14} = 120,000
\]

Thus, each person's contribution is:
- Rehema's deposit: \( 3x = 3 \times 120,000 = 360,000 \)
- Lucie's deposit: \( 7x = 7 \times 120,000 = 840,000 \)
- Milly's deposit: \( 4x = 4 \times 120,000 = 480,000 \)

### Summary of Deposits:
- **Rehema contributed Ksh 360,000**
- **Lucie contributed Ksh 840,000**
- **Milly contributed Ksh 480,000**

Would you like to proceed with calculating the remaining payments or any other related calculation? Here are some further questions you might consider:

1. How much did each trader receive from the truck proceeds of Ksh 2,030,000?
2. What is the total amount each trader paid including their deposit and share of the balance?
3. If they had paid the full amount upfront, how would their contributions differ?
4. What would have happened if they shared the proceeds equally instead of by ratio?
5. How would a 5% increase in truck proceeds affect their earnings for the year?

### Tip:
When dealing with ratios, always sum the ratio components to find the total part of the whole and then scale according to the total amount available.

Learn how to calculate deposits and payments for purchasing a Canter truck, based on a problem involving ratio and financial mathematics. Rehema, Lucie, and Milly contributed deposits in a specific ratio to buy the truck priced at Ksh 2,800,000. Get step-by-step solutions and understand the distribution of the truck proceeds among them.

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